Perpetual adds global share fund to active ETF lineup

Perpetual Asset Management Australia this week announced the launch of a new global equities active ETF on the ASX.

The Barrow Hanley Global Share Fund (Managed Fund) (ASX: GLOB) aims to provide long-term capital growth through investing in quality global shares selected by specialist global investment manager Barrow, Hanley, Mewhinney & Strauss (Barrow Hanley) which was acquired by Perpetual in 2020.

The new active ETF is a unit class of its respective managed fund, the Barrow Hanley Global Share Fund, and joins Perpetual’s first active ETFs launched late last year.

“We are pleased to launch another active ETF that expands the investment options for investors, giving them access to companies from around the world, diversified across securities, sectors and regions,” said Perpetual Asset Management Australia group executive, Amanda Gillespie.

In November, the asset manager confirmed the Perpetual Ethical SRI Fund (Managed Fund) (ASX: GIVE) and the Perpetual Global Innovation Share Fund (Managed Fund) (ASX: IDEA) as its first two active ETFs.

“The launch of active ETFs is aligned with our strategy to invest in new capabilities and offer investors an additional channel (via the ASX) to access Perpetual’s proven active management expertise,” Ms Gillespie commented at the time.

Perpetual’s total assets under management stood at $97.9 billion as of the end of March with $25.3 billion for Perpetual Asset Management Australia, and $72.5 billion for Perpetual Asset Management International including Barrow Hanley.

The firm also noted that GLOB’s respective managed fund was recently upgraded to a Gold Morningstar Analyst Rating following an annual review.

“Like Perpetual, the team at Barrow Hanley has a tried and tested approach to value investing in a global context that has stood the test of time through multiple market cycles,” said Ms Gillespie.

“The launch of this active ETF is another example of how we are continuing to look for opportunities to provide investment solutions in contemporary structures to meet the evolving needs of our clients.”

Jon Bragg

Jon Bragg is a journalist for Momentum Media's Investor Daily, nestegg and ifa. He enjoys writing about a wide variety of financial topics and issues and exploring the many implications they have on all aspects of life.